October 23, 2013
Apollo Group Plans to Lay Off 500, as Does Education Management Corp.
Two major higher-education companies announced layoffs this week.
The Apollo Group, the parent company of the University of Phoenix, said on Tuesday that it would lay off 500 nonfaculty employees, the same day it reported an 18-percent annual drop in enrollment and a 36-percent annual decline in operating income. Enrollment at Phoenix was 269,000 as of August 31, 2013, down from